Question: 1..... Given production function: Q = L 3/4 .K1/4 Find out the optimal quantities of the two factors using Lagrangian method, if it is given

1..... Given production function:

Q = L 3/4 .K1/4

Find out the optimal quantities of the two factors using Lagrangian method, if it is given that price of labor is Rs.6 and price of capital is Rs.3 and total cost is equal to Rs.120.

2.... Given the cost function is

TC = 6L + 3K Find out the optimal quantities of the two factor using Lagrangian method, if it is given that output is equal to 13.46 = L3/4 . K1/4.

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